Dollar gains, euro slips after expected ECB rate increase
UUP•Dollar rises as euro falls after ECB move
The dollar rose against major currencies on Thursday, reversing some of this week's losses triggered by rising oil prices and global bond yields, while the euro fell after the European Central Bank delivered an expected rate increase.
The ECB raised interest rates on Thursday for the second time this year, seeking to quell an energy-driven rise in inflation triggered by the Iran war.
The euro was down 0.28% against the dollar at $1.1599. Against the Swiss franc, the dollar strengthened 0.42% to 0.813.
The dollar index =USD rose 0.34% to 99.12, on track to snap three straight sessions of losses.
